$IP Trade Update: Support Testing or Further Slide?

​Current Price: $1.11

Trend: Bearish Short-term (tested $1.21 resistance and rejected)

​Analysis:

$IP is currently testing the $1.10 - $1.11 range. While the long-term outlook for Story Protocol remains strong with its focus on tokenized Intellectual Property, the immediate chart shows a "Supertrend" rejection.

​Trading Strategy:

​Short Setup: If IP breaks below the $1.08 mark with high volume, expect a quick move toward the major $1.00 psychological support.

​Long Scalp: Look for a "double bottom" confirmation on the 15m or 1h chart at $1.10 before entry. A successful bounce could target a relief rally back to $1.17.

​Decision: WATCH & WAIT. Do not chase the current red candle. Wait for the $1.10 support to hold or flip into resistance before taking a position.

​#StoryProtocol #IP #cryptotradingpro #BinanceSquare #MENAAccelerator